As asset managers become more data-driven in their analysis of execution quality, they are reallocating order flows among their broker-dealer relationships at a faster pace.
Amid all the fire and fury of the battle over costs, there are signs that buy-and sell-side firms have shifted some of their execution needs for data over to consolidated market data feeds.
With volatility spiking in global stock and bond markets, there’s been a profound shift in market psychology from chasing higher yields to focusing on risk in the credit markets. FlexTrade’s Ivy Schmerken investigates.
Among the key benefits of artificial intelligence is that it can analyze large volumes of structured and unstructured data more quickly than humans do, which can boost productivity. FlexTrade’s Ivy Schmerken examines.
As the SEC turns to examine market structure issues in the bond markets, it comes at a time when there has been a flurry of new electronic trading venues entering with a range of protocols. FlexTrade’s Ivy Schmerken investigates.
Due to liquidity constraints, are buy-side fixed income traders prepared to play a more active role as price- makers on electronic trading platforms? FlexTrade’s Ivy Schmerken investigates.
The US ecosystem for swap execution facilities continues to evolve, but not as rapidly as regulators and lawmakers anticipated. Despite the shift to electronic trading, some observers question if swaps trading has reached a new equilibrium. The vision of a buy-side trader sitting in front of a screen with the ability to anonymously click on streaming prices from multiple SEFs could be several years away. However, new liquidity providers could be catalysts for change in market structure, suggested speakers at a recent webinar.
The regulatory overhaul of the OTC derivatives market has brought mandatory clearing and electronic trading to standardized swaps, but many say the market structure is stuck, citing regulatory ambiguity and separate liquidity pools.